Alibaba plans to public on U.S. stock exchange

FILE - Young men walk past the corporate logo at the headquarters compound of Alibaba Group in Hangzhou in eastern China's Zhejiang province in this May 21, 2012 file photo. The Chinese e-commerce giant Alibaba says it's gearing up to go public on a U.S. stock exchange in what is likely to be the world's biggest IPO this year. The company said Sunday March 16, 2014 that it has "decided to commence the process of an initial public offering in the United States." (AP Photo, File) CHINA OUT